Amazon tumbles in after hours on sizable losses

Pandora sinks as quarterly losses widen

SAN FRANCISCO (MarketWatch)—Amazon.com Inc. shares skidded in extended trading Thursday after the online retailer reported a sizable loss for its most recent quarter.

AmazonAMZN, +0.17%
reported a second-quarter loss of $126 million, or 17 cents a share, wider than the loss of 16 cents a share forecast by analysts. Revenue rose to $19.34 billion from $15.7 billion. The online retailer also projected third-quarter revenue to come in between $19.7 billion and $21.5 billion, and is estimating an operating loss in a range of $410 million to $810 million. Amazon shares dropped 7% in extended trading.

Pandora Media Inc. P, -0.22%
said its second-quarter loss widened to $11.73 million, or 6 cents a share, from a loss of $6.9 million, or 4 cents a share, a year earlier. On an adjusted basis, the Internet-based radio company reported a profit of 4 cents a share versus an estimate of 3 cents a share. Shares of Pandora slumped 12% in after hours.

Chubb Corp.CB, +0.21%
announced its second-quarter profit dropped 14% on weather-related losses in the U.S. and a high level of homeowner and commercial fire losses. The insurer also cut its operating income outlook for 2014. Chubb shares were flat in after-hours session.

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